European Union vs Korea: Tariff rate, most favored nation, simple mean, primary products
Tariff rate, most favored nation, simple mean, primary products over time
- European Union
- Korea
How they compare
Korea currently reports 33.4% against 9.0% in European Union, a difference of 24.4%.
That makes Korea's figure about 3.7 times European Union's.
The two have swapped places 4 times across 31 shared years of data; in 1988 it was Korea ahead.
European Union ranks 1st and Korea ranks 2nd of 1 groups.
Korea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | European Union | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 7.0% | 18.1% | 11.2% | Korea |
| 1990s | 13.2% | 22.2% | 9.0% | Korea |
| 2000s | 11.4% | 28.8% | 17.4% | Korea |
| 2010s | 10.3% | 31.2% | 21.0% | Korea |
| 2020s | 8.3% | 33.3% | 25.0% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, most favored nation, simple mean, primary products, European Union or Korea?
- Korea, at 33.4% against 9.0% in European Union as of 2022.
- What is the difference in tariff rate, most favored nation, simple mean, primary products between European Union and Korea?
- 24.4%, with Korea ahead.
- How many years of comparable data are there for European Union and Korea?
- 31 years are reported by both, from 1988 to 2022.
- How do European Union and Korea rank globally for tariff rate, most favored nation, simple mean, primary products?
- European Union ranks 1st and Korea ranks 2nd of 1 groups.
- Where does this data come from?
- Staff estimates, published as Tariff rate, most favored nation, simple mean, primary products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).